May 13 LLDPE morning review

Raw material prices: 1, Japan naphtha CF Japan reported 392.
5 yuan / ton, up 8.
25; naphtha FOB Singapore reported 41.
72 US dollars / barrel, up 0.
91
.
Ethylene CFR Northeast Asia was flat at $1190/mt, and CFR Southeast Asia was flat at $1145/mt
.

Spot prices: foreign spot market prices rose slightly, Far East reported 1140 tons, up 10; East reported 1130 US dollars / ton, up 10; The domestic market price was basically flat, and North China Daqing reported 8,600 yuan / ton, unchanged; East China Yuyao Jilin Petrochemical 8800 tons, flat; South China News 9050 yuan / ton, flat
.
Northwest Dushanzi reported 8550 yuan / ton, unchanged

News: 1.
On May 11, some petrochemical inventories in the four major regions increased by nearly 9,000 tons compared with the inventory on May 4, the previous statistical day, an increase of about
14.
5%.

Warehouse receipt data: 1849
.

On the whole, short-term downstream demand is not good, petrochemical inventories have rebounded slightly, coupled with some equipment inspection and repair workers, it is expected that the short-term supply pressure will be greater, but in the middle and late months as traders complete the task of taking orders, it is expected that there will still be a slight support
for the market.